Director Let's Talk "Point of Sale" From Your Smartphone/Tablet

[Sheila]

For those of you who are now accepting credit cards from your phone/tablet, which company did you choose & what do you like/dislike about them?

I never really paid attention to the POS chatter when I was living in Japan since the military prohibited us from doing Cash & Carry. But I just did my very first cash & carry event here in TX and realized that I needed to jump on board! LOL

I posted my question on FB last night & got some responses. Seems SQUARE is the most popular one among Consultants. If you are using a different company, what are the fees?

Square gives:

• 2.75% per swipe for Visa, MasterCard, Discover, and AmEx
• Manually-entered cards cost 3.5% + 15¢ per transaction
• No merchant account, monthly fees or set-up costs
• Deposits available next business day for card-swiped transactions (unless it's a Friday/Saturday ~ then you have to wait until Monday)
• Or the option of doing a $275 per month fee & 0% swipe rate (for really busy businesses)

My friend who does TS uses the Intuit GoPayment card reader:

• 2.7% swipe rate
• 3.7% non-swipe
• or a $12.95 monthly fee with a 1.7% or 2.7% swipe rate (for busier businesses)

Was just wondering what other companies are out there & what their rates/features are like.

 

[Admin Greg]

I personally chose Square for my business because I liked the simplicity and the fact that there were no monthly fees or set-up costs. The 2.75% swipe rate was also very competitive compared to other companies. However, I do find the 3.5% + 15¢ per transaction for manually-entered cards to be a bit high. I haven't had any issues with deposits being available next business day, but I can see how it could be inconvenient if you have a lot of transactions on a Friday or Saturday.I haven't heard much about Intuit GoPayment, but the rates seem similar to Square's. The $12.95 monthly fee option with a lower swipe rate could be beneficial for businesses with a high volume of transactions.I've also heard of other companies like PayPal Here and Shopify, but I don't have any personal experience with them. It would be interesting to hear from others who have used these services and their thoughts on the rates and features.Overall, I think accepting credit cards through a phone or tablet is a convenient and necessary option for businesses nowadays. It's important to research and compare different companies to find the best fit for your business needs.

 

[sharalam]

Hi there! I am a Pampered Chef consultant and I also use Square for my point of sale needs. I chose Square because of its simplicity and low fees. I also like that there are no monthly fees or set-up costs. The only thing I dislike is that it can take up to two business days for the funds to be deposited into my account, but that's not a deal breaker for me. I haven't had any issues with Square and it has worked well for all of my events. I haven't looked into other companies, but I'm interested to see what others have to say about their experiences with different point of sale options. Thanks for bringing up this topic!